IRIS Accounts Production v23.4.0.336 10817499 director 1.7.22 30.6.23 30.6.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh108174992022-06-30108174992023-06-30108174992022-07-012023-06-30108174992021-06-30108174992021-07-012022-06-30108174992022-06-3010817499ns15:EnglandWales2022-07-012023-06-3010817499ns14:PoundSterling2022-07-012023-06-3010817499ns10:Director12022-07-012023-06-3010817499ns10:PrivateLimitedCompanyLtd2022-07-012023-06-3010817499ns10:SmallEntities2022-07-012023-06-3010817499ns10:AuditExemptWithAccountantsReport2022-07-012023-06-3010817499ns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3010817499ns10:SmallCompaniesRegimeForAccounts2022-07-012023-06-3010817499ns10:FullAccounts2022-07-012023-06-3010817499ns10:OrdinaryShareClass12022-07-012023-06-3010817499ns10:CompanySecretary12022-07-012023-06-3010817499ns10:RegisteredOffice2022-07-012023-06-3010817499ns5:CurrentFinancialInstruments2023-06-3010817499ns5:CurrentFinancialInstruments2022-06-3010817499ns5:ShareCapital2023-06-3010817499ns5:ShareCapital2022-06-3010817499ns5:RetainedEarningsAccumulatedLosses2023-06-3010817499ns5:RetainedEarningsAccumulatedLosses2022-06-3010817499ns5:PlantMachinery2022-07-012023-06-3010817499ns5:PlantMachinery2022-06-3010817499ns5:PlantMachinery2023-06-3010817499ns5:PlantMachinery2022-06-3010817499ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3010817499ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3010817499ns5:DeferredTaxation2022-06-3010817499ns5:DeferredTaxation2022-07-012023-06-3010817499ns5:DeferredTaxation2023-06-3010817499ns10:OrdinaryShareClass12023-06-3010817499ns5:RetainedEarningsAccumulatedLosses2022-06-3010817499ns5:RetainedEarningsAccumulatedLosses2022-07-012023-06-30
REGISTERED NUMBER: 10817499 (England and Wales)










Critical Factors Limited

Unaudited Financial Statements

for the Year Ended 30 June 2023






Critical Factors Limited (Registered number: 10817499)






Contents of the Financial Statements
for the year ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

Critical Factors Limited

Company Information
for the year ended 30 June 2023







DIRECTOR: Mr G Shaw





SECRETARY: Mr G Shaw





REGISTERED OFFICE: 22 Church Lane
Northaw
Potters Bar
Hertfordshire
EN6 4NX





REGISTERED NUMBER: 10817499 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Critical Factors Limited (Registered number: 10817499)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,407 9,353

CURRENT ASSETS
Debtors 5 1,406 21,173
Cash at bank 107,801 53,300
109,207 74,473
CREDITORS
Amounts falling due within one year 6 83,781 65,550
NET CURRENT ASSETS 25,426 8,923
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,833

18,276

PROVISIONS FOR LIABILITIES 7 3,497 1,777
NET ASSETS 40,336 16,499

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 39,336 15,499
SHAREHOLDERS' FUNDS 40,336 16,499

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 March 2024 and were signed by:





Mr G Shaw - Director


Critical Factors Limited (Registered number: 10817499)

Notes to the Financial Statements
for the year ended 30 June 2023

1. STATUTORY INFORMATION

Critical Factors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Critical Factors Limited (Registered number: 10817499)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 12,384
Additions 11,128
At 30 June 2023 23,512
DEPRECIATION
At 1 July 2022 3,031
Charge for year 2,074
At 30 June 2023 5,105
NET BOOK VALUE
At 30 June 2023 18,407
At 30 June 2022 9,353

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 406 20,173
Other debtors 1,000 1,000
1,406 21,173

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 3,617 3,458
Other creditors 9,000 8,000
Directors' current accounts 1,660 100
Accruals and deferred income 69,504 53,992
83,781 65,550

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 3,497 1,777

Deferred
tax
£   
Balance at 1 July 2022 1,777
Provided during year 1,720
Balance at 30 June 2023 3,497

Critical Factors Limited (Registered number: 10817499)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 July 2022 15,499
Profit for the year 24,837
Dividends (1,000 )
At 30 June 2023 39,336

Critical Factors Limited

Report of the Accountants to the Director of
Critical Factors Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN


19 March 2024